Loan Approved: Detroit to get $120 million to fund services, operations

Loan Approved: Detroit to get $120 million to fund services, operations

Bankruptcy Judge Steven Rhodes today approved a $120 million loan for the city of Detroit to fund “quality of life” services.

The city, complying with procedure to show how it would use the funds, last week outlined how it would spend up to $179 million on such efforts. Police, blight removal, and fire services are the top of the list.

“The city is service delivery insolvent. It is not providing services to meet the basic needs of its citizens, and this loan will provide the city with the means to begin to make up that deficit,” Judge Rhodes said during court proceedings.”It’s important and urgent to the city to do that. The city recognized that importance and that urgency, and the time to begin is now.”

4.2.14 Order Approving $120M Loan